A dollar bill is equal to 100 pennies. Similarly, 100 pennies is equal to a dollar.
If we want to find the value of a penny in decimal form, we must set the following equation, using the left side to represent pennies and the right side to represent dollars (this equation cannot exist, but does anyway for the sake of this question):
We want to get the left side to equal 1, so we divide both sides by the value of the left side:
Solve the fraction and turn it into a decimal:
This would mean that a penny is worth 1%, or 0.01 of a dollar.
The ratio that would fit this question is
100:0.01.